Bank Line of Credit definition

Bank Line of Credit means the Bank Line of Credit dated October 31, 2002 between Branch Banking and Trust Company and the Company.
Bank Line of Credit means the existing line of credit agreement, dated April 24, 2006, between the Company and Community Trust Bank, Inc., a Kentucky banking corporation with its principal place of business at 000 Xxxxx Xxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx, 00000.

Examples of Bank Line of Credit in a sentence

  • Bank Line of Credit Agreement The Company has established a line of credit facility to assist the Company in managing its cash flow.

  • The following is a graphical representation of the prepetition Cash Management System:Blackjewel West Operating Account (8511) [Remainder of Page Intentionally Left Blank] Third Party Receipts Revelation Energy Account (9129) Legacy Revelation Energy Account (6324) Blackjewel West Petty Cash Account (6056) United Bank Line of Credit Account Blackjewel West Payroll Account (1518) Blackjewel East Payroll Account (1966) Blackjewel East Operating Account (7953) 1.

  • The Bank Line of Credit is collateralized by all assets of the Company.

  • On April 30, 2012, the Company renewed the Bank Line of Credit under similar terms with a maturity date of April 30, 2013.

  • In this case the fewer bidders who know that someone has dropped out (and replaced or not since the replacement has no impact on the expected winning bid), the lower the expected winning bid will be.

  • The Bank Line of Credit agreement includes financial covenants that the Company must comply with, including a maximum funded debt to tangible net worth ratio and a minimum tangible net worth provision.

  • That there is hereby appropriated from the Light & Power Fund, in anticipation of receiving the proceeds from the CEO Loan and the Vectra Bank Line of Credit, the sum of ONE MILLION SIX HUNDRED THOUSAND DOLLARS ($1,600,000) to be expended as loans to Utility Services customers under the Epic Loan Program.

  • First Reading of Ordinance No. 048, 2020, Making a Supplemental Appropriation from Unappropriated Prior Year Reserves in the Light & Power Fund to Make Debt Service Payments Under the Vectra Bank Line of Credit for the Epic Loan Program.The purpose of this item is to appropriate funds for the Epic Loan Program in 2020 for 15-year loan issuance to Fort Collins Utilities electric customers, and anticipated debt service to third-party capital providers.

  • Renewal of Frost Bank Line of Credit (SS) Motion: To authorize Steve Scales to renew $250K line of credit (Frost Bank).

  • If the Account is maintained in connection with a Sweep Agreement with a Spring Bank Line of Credit, any overdraft will be made in accordance with the agreement or rules governing that Sweep Agreement rather than this Agreement.

Related to Bank Line of Credit

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Credit Line as defined in Section 2.1.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Existing Letter of Credit means each letter of credit previously issued (or deemed issued) for the account of the Borrower, the Company or any of their respective Subsidiaries under the Existing Credit Facilities that (a) is outstanding on the Closing Date and (b) is listed on Schedule 1.01C.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Limit means $5,000,000.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • New Credit Facility is defined in Section 9.8.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Term Loan Advances are each defined in Section 2.1.1(a).